SOURCE: Edwards Lifesciences

November 13, 2008 13:03 ET

The Edwards Lifesciences Fund Awards More Than $1.8 Million to 81 Nonprofit Organizations

IRVINE, CA--(Marketwire - November 13, 2008) - Edwards Lifesciences Corporation (NYSE: EW), a world leader in products and technologies to treat advanced cardiovascular disease, today announced that The Edwards Lifesciences Fund, a philanthropic donor-advised fund, is awarding as part of its fourth annual grant cycle more than $1.8 million to 81 nonprofit organizations. Including these grants, the company expects the Fund to award approximately $2.3 million by the end of this year, bringing the total grants awarded from the Fund since its inception in 2005 to more than $7 million.

"We are proud to extend significantly the reach of The Edwards Lifesciences Fund by increasing the number of organizations supported through our annual grant cycle by approximately 45 percent," said Michael A. Mussallem, Edwards' chairman and CEO. "Through the Fund, we are assisting organizations that strengthen our communities and helping a greater number of patients in their fight against cardiovascular disease. During the last four years, the Fund has supported more than 150 charitable organizations, whose impact is felt in both local neighborhoods and also communities all around the world."

Gifts from the Fund are categorized as either Strategic or Community grants. Strategic grants support programs or projects that expand awareness of cardiovascular disease, its prevention and treatment or enhance support and access to care for underserved cardiovascular patients. Community grants support programs or projects that provide involvement opportunities for Edwards' employees, help strengthen the community and improve the quality of life.

During the 2008 grant cycle, the Fund awarded more than $1.5 million in Strategic grants. These grants, in amounts of up to $100,000, were provided to organizations including:

--  Surgeons of Hope Foundation, to support two humanitarian medical
    missions in Nicaragua, providing much-needed cardiovascular care to this
    underserved population.
--  The Larry King Cardiac Foundation, to support the organization's goal
    to "Save a Heart a Day" by providing cardiac treatment for individuals in
    the U.S. who otherwise, due to limited means or lack of insurance, would
    not receive the care they need.
--  International Children's Heart Foundation, for the ongoing initiatives
    of developing pediatric cardiac services in the Dominican Republic and
    providing surgical services to children in Afghanistan.

The Fund also awarded more than $300,000 in Community grants during the 2008 grant cycle, ranging from $2,500 to $15,000. Grants were awarded to organizations including:

--  The American Heart Association, for the 29th Annual Orange County
    Heart Walk, which helps generate funds for cardiovascular research and
    education programs.
--  Centro De Ayuda, to support a heart disease prevention program for low-
    income children in Puerto Rico.
--  Make-A-Wish Foundation of Utah, for wish-granting to children residing
    in Utah who are between the ages of 2 1/2 and 17 and have cardiac
--  Pacific Symphony, to support its Class Act educational program that
    introduces young people in Orange County to symphonic music.

The complete list of organizations that received grants during the 2008 grant cycle from the Fund is available at

About Edwards Lifesciences

Edwards Lifesciences is the global leader in the science of heart valves and hemodynamic monitoring. Headquartered in Irvine, Calif., Edwards treats advanced cardiovascular disease with its market-leading heart valve therapies, and critical care and vascular technologies. In 2008, Edwards celebrates 50 years of partnering with clinicians to develop life-saving innovations. The company's global brands, which are sold in approximately 100 countries, include CardioVations, Carpentier-Edwards, Cosgrove-Edwards, FloTrac, Fogarty, PERIMOUNT Magna and Swan-Ganz. Additional company information can be found at

Edwards is a trademark of Edwards Lifesciences Corporation. Edwards Lifesciences, Carpentier-Edwards, Cosgrove-Edwards, FloTrac, Fogarty, PERIMOUNT Magna and Swan-Ganz are trademarks of Edwards Lifesciences Corporation and are registered in the United States Patent and Trademark Office. CardioVations is a trademark of Edwards Lifesciences AG and is registered in the United States Patent and Trademark Office.

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